Tuesday, September 3, 2024

Blue State Blues

Don't invest in blue states:
“I don’t put companies here in New York anymore or in Massachusetts or in New Jersey or in California,” O'Leary stated. “Those states are uninvestable. The policy here is insane. The taxes are too high.” He highlighted Fargo, N.D., as a prime example of where his businesses are now relocating, noting that 40% of the workforce there operates remotely, including employees in Boston. "New Jersey, what a mess. New York, uninvestable," he said. The panel then asked O'Leary why New York was "uninvestable" and if it was just because of high taxes. The hosts were clearly not happy with O'Leary's characterization. “The regulatory environment is punitive,” he explained, explaining how a global data center project near Niagara Falls eventually moved to Norway due to the state's oppressive policies. “Thousands of jobs coming out of that... that’s New York. Uninvestable.” "Don't shoot the messenger," he added. "Just telling you the way it is."
Some people can't handle the truth...

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